Which of the following is not a responsibility of the Board of Directors? A) Directly managing daily operations. B) Overseeing management. C) Ensuring compliance with regulations.... Which of the following is not a responsibility of the Board of Directors? A) Directly managing daily operations. B) Overseeing management. C) Ensuring compliance with regulations. D) Hiring and monitoring the CEO.
Understand the Problem
The question is asking to identify which option listed is not typically a responsibility of the Board of Directors. It involves understanding the roles and responsibilities of the Board in corporate governance.
Answer
Directly managing daily operations.
The final answer is Directly managing daily operations.
Answer for screen readers
The final answer is Directly managing daily operations.
More Information
The board of directors is primarily responsible for overseeing management, hiring and monitoring the CEO, and ensuring compliance with laws and regulations. Direct management of daily operations is typically the role of company officers and not the board.
Tips
A common mistake is assuming that the board directly handles all management tasks, rather than delegating these tasks to senior management.
Sources
- Corporate and Risk Governance | Comptroller's Handbook | OCC.gov - occ.treas.gov
- Principles of Corporate Governance - corpgov.law.harvard.edu
- The Role of the Board of Directors | Ag Decision Maker - extension.iastate.edu
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